West Virginia Lottery

WVLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Jul 14, 2026 is estimated to be $637 Million, with a cash option of 278 Million. If you win the MEGA Millions jackpot, the IRS will withhold 24% of your prize money upfront, and you may owe up to an additional 13% in federal taxes when the tax is due. Additionally, if you are a resident of West Virginia, your state will take 6.5% of your lottery winnings.

Please note that the calculation of the Powerball jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

West Virginia MEGA Millions Jackpot/Cash Option for Tue Jul 14, 2026

Draw Date	Jackpot	Cash Option
Tue Jul 14, 2026	$637,000,000	$278,000,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$278,000,000
Federal Tax(24%)	$66,720,000
Additional Federal Tax	$36,100,330
State Tax(6.5%)	$18,070,000
Net Lumpsum Payment	$157,109,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$9,587,487	-$3,507,701 -$623,187	$5,456,599
2	$10,067,148	-$3,685,175 -$654,365	$5,727,608
3	$10,570,378	-$3,871,370 -$687,075	$6,011,933
4	$11,099,088	-$4,066,993 -$721,441	$6,310,654
5	$11,653,915	-$4,272,279 -$757,504	$6,624,132
6	$12,236,770	-$4,487,935 -$795,390	$6,953,445
7	$12,848,290	-$4,714,198 -$835,139	$7,298,953
8	$13,491,023	-$4,952,009 -$876,916	$7,662,098
9	$14,165,606	-$5,201,605 -$920,764	$8,043,237
10	$14,873,950	-$5,463,692 -$966,807	$8,443,451
11	$15,617,329	-$5,738,742 -$1,015,126	$8,863,461
12	$16,398,291	-$6,027,698 -$1,065,889	$9,304,704
13	$17,218,110	-$6,331,031 -$1,119,177	$9,767,902
14	$18,079,334	-$6,649,684 -$1,175,157	$10,254,493
15	$18,983,237	-$6,984,128 -$1,233,910	$10,765,199
16	$19,932,367	-$7,335,306 -$1,295,604	$11,301,457
17	$20,928,635	-$7,703,925 -$1,360,361	$11,864,349
18	$21,975,226	-$8,091,164 -$1,428,390	$12,455,672
19	$23,074,051	-$8,497,729 -$1,499,813	$13,076,509
20	$24,227,658	-$8,924,564 -$1,574,798	$13,728,296
21	$25,439,232	-$9,372,846 -$1,653,550	$14,412,836
22	$26,711,321	-$9,843,519 -$1,736,236	$15,131,566
23	$28,046,473	-$10,337,525 -$1,823,021	$15,885,927
24	$29,449,147	-$10,856,515 -$1,914,195	$16,678,437
25	$30,921,254	-$11,401,194 -$2,009,882	$17,510,178
26	$32,467,890	-$11,973,450 -$2,110,413	$18,384,027
27	$34,090,966	-$12,573,988 -$2,215,913	$19,301,065
28	$35,795,578	-$13,204,694 -$2,326,713	$20,264,171
29	$37,585,548	-$13,866,983 -$2,443,061	$21,275,504
30	$39,464,698	-$14,562,269 -$2,565,205	$22,337,224